Updated: Mar 6, 2022
No nation that prints money has a market economy but a centralized economy planed by people who do the printing.
Since most citizens are insecure and spiritually starved, they live to earn money so they can buy stupid shit and show off to others. They follow money like a simp follows a girl. Central banks and governments know this very well. With financial incentives, they make people do what they want them to do. With lack of reward and penalties, they stop people from doing what they don't want them to do.
Let's look at two examples:
Governments incentivize consumption with low interest rates, consumer protection laws, welfare, etc. The same system disincentivizes production. Try producing a product and hundreds of regulations and occupational licenses will be in your way. There is no welfare for dying businesses. From the dichotomy, we can clearly see that the system wants people to eat chips and watch Netflix. It does not want people to produce chips, movies, and entertainment technologies.
The system allocates money towards public schooling. No money or even attention is allocated to self-employment. Guess what the system wants you to be? Wage slaves.
Since money is centralized, a centralized entity, not individual economic units (people), largely decides what happens in the market. If money was decentralized or people were not slaves of money, it would have been a market economy. Adoption of a commodity-backed currency or a gold-backed one can also solve the problem. It won't allow governments to increase the money supply to manipulate the market.
Individual Economic Unit: A person or a group that makes distinctly independent economic choices. A family of 4 would be considered one economic unit if they make economic decisions collectively but 4 units if they do so individually.